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Auto Repair Center

606
Hudson County, New Jersey, United States
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Asking Price$165,000
Revenue$600,000 EstablishedUndisclosed
Cash Flow$75,000 EmployeesUndisclosed
FF&E$100,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly successful business opportunity for this lucrative retail auto repair center located in an active urban commercial area of Northern New Jersey Hudson County. This business offers quality products from Continental, General and Toyo and provides wonderful service to its many customers. Their service department specializes in performance parts, tire installation and diagnostics. Since 1997, this auto retail shop has been providing top quality auto parts to the public. The business sells tires, rims, and specialized performance accessories to the public. The business also offers a full-service menu of auto repairs with a substantial markup for the current owner. This business has eight employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll is approximately $10,500. The business has an assignable commercial lease which expires 2024 with a monthly rent of $3,300, cost per square foot is $10.00 and rent security $6,400. The price has been set at $165,000 (Plus Inventory) based a multiple of the net yearly income and the value of the assets. The present owner is relocating and will provide financing to a qualified purchaser with an appropriate down payment. The sale of this business is confidential, and all viewings are by appointment only. Photo may not represent this particular business.
Facilities:The business is located in a densely populated urban area of Hudson County, New Jersey with a substantial demand for this particular service. The facility is on a commercial avenue which consists of 4,000 square feet with rear parking. The entrance is a showroom for tires, rims and wheels and the rear is a large garage for repair. The garage is fully equipped with 3 lifts and alignment equipment and all equipment in the business is in excellent working condition.
Competition:The seller will supply a five year, five miles non-compete agreement and no other auto store and repair business is nearby this business facility.
Growth Potential:With an improved marketing plan and internet sales, the business can experience an increase of the gross sales.
Training/Support:The seller will remain post closing and supply a full transitional period.
Seller Financing:Owner financing is available to a qualified buyer with the appropriate down payment.
Sale Reason:The owner is relocating into an alternative industry out of the area.
Ad #115065
Seller Reference #AUTO271
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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